``` REGISTERED COMPANY NUMBER: 06874952 (England and Wales) REGISTERED CHARITY NUMBER: 1129484 ``` ``` Trustees' Report and ``` ``` Financial Statements for the Year Ended 30 December 2024 ``` ``` for ``` ``` Capstone Church ``` ``` Nordens The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY ``` ``` Capstone Church ``` ``` Contents of the Financial Statements for the Year Ended 30 December 2024 ``` ||`Page`| |---|---| |`Trustees' Report`|`1 to 4`| |`Independent Examiner's Report`|`5`| |`Statement of Financial Activities`|`6`| |`Balance Sheet`|`7 to 8`| |`Notes to the Financial Statements`|`9 to 14`| |`Detailed Statement of Financial Activities`|`15 to 16`| ``` Capstone Church ``` ``` Trustees' Report for the Year Ended 30 December 2024 ``` ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report withthefinancialstatementsofthecharityfortheyearended30December2024.Thetrusteeshaveadopted the provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` The objectives of the Charity as set out in the governing document are: ``` ## **`Significant activities`** ``` Each month of 2024 carried a specific biblical theme, shaping preaching, worship, and prayer focus: ``` ``` 1. January - Write Down the Vision (Habakkuk 2:2) ``` ``` 2. February - Yet I Will Take Joy (Habakkuk 3:18) ``` `3. March - He Is Risen (Easter)` `4. April - Holy (Isaiah 6)` `5. May - Overflow with Hope (Romans 15:13)` `6. June - The Glory of the Lord (Habakkuk 2:14)` `7. July - Fix Your Eyes on Jesus (Hebrews 12:2)` ``` 8. August - The Lord is Strong and Mighty in Battle! (Psalm 24:8) ``` `9. September - Teach Us to Pray (Luke 11:1)` `10. October - Holy Spirit (Luke 24:49)` `11. November - Holy Spirit (continued)` `12. December - Christmas` ``` Page 1 ``` ``` Capstone Church ``` ``` Trustees' Report for the Year Ended 30 December 2024 ``` ## **`ACHIEVEMENT AND PERFORMANCE Charitable activities Special Services & Events`** ## **`Special Guests -`** ``` Christ and Summer Shealy (9-10 January) - Led worship and ministry. Dr. Barbie Breathitt (12 January weekend) - Prophetic teaching and ministry. ``` ## **`Re-Imaging Christ In Us - New Mentoring Programme -`** ``` Launchedinearly2024,replacingtheLondonPropheticCentrementoring.Thisprogrammefocuseson spiritual formation,Christlikecharacter,andfivefoldministrydevelopment.It includesregularstudy,fellowship,and personal mentoring from experienced ministers, aimed at equipping believers for Christ-centred ministry in the UK and beyond ``` ``` . ``` ``` Easter Services - March - Good Friday and Easter Sunday gatherings celebrating the death and resurrection of Jesus. ``` ``` Fasting & Prayer Week - 22-27 April - Evening gatherings (7-9 PM) dedicated to worship, prayer, and consecration. ``` ``` AwakeningNightswithApostleJensGarnfeldt-7-10October-Fournightsofrevivalpreaching,prophetic ministry, and worship. ``` ``` RevivalNightswithPs.RaisonThomas-29November-1December-Servicesfocusedonrevivalfire,worship, and impartation. ``` ``` ChristmasService& Celebrations- December- MarkingthebirthofChristwithworship,communityfellowship, and celebration. ``` ## **`Missions & Outreach`** ``` CapstoneBoysHome-Continuedsponsorshipof10orphanboysinHyderabad,India,providing accommodation, food, clothing, and education in partnership with Asha Jyothi. ``` ``` SupportforOtherMinistries-Providedfinancialandprayersupportforlocalandinternationalministries, including churches, prayer houses, eva ngelists, and mission organisations. ``` ``` The objectives of the Charity, as set out in the governing document, are: ``` ``` To advance the Christian faith. ``` ``` To relievesicknessandfinancialhardshipandtopromoteandpreservegoodhealthbytheprovisionof funds, goods orservicesofanykind,includingthroughtheprovisionofcounsellingandsupport,insuchpartsofthe United Kingdom or the world as the Trustees from time to time may think fit. ``` ``` In settingtheobjectivesandplanningtheactivityof theCharity,theTrusteeshavegivencarefulconsiderationto the Charity Commission's general guidance on public benefit. ``` ## **`Regular Services & Ministries`** ``` SundayServices- Weeklyservices,freeforalltoattend,beginningwithvibrantworshipledbytheCapstone Church WorshipBand,followedbybiblicalpreachingandatimeofprayer.Serviceswerelivestreamedforthoseunable to attend in perso n. ``` ``` Kids Church- Held weekly duringSundayservices for childrenaged 12 and under, with age-appropriateBible teaching, games, and activities. ``` ``` Page 2 ``` ``` Capstone Church ``` ``` for the Year Ended 30 December 2024 ``` ## `Trustees' Report` ## **`Fasting and Prayer -`** ``` Monthly: Three days at the start of each month dedicated to prayer and fasting. Special: 22-27 April, 7-9 PM nightly - a focused week of corporate fasting, worship, and intercession ``` ``` PrayerRoom-OpenMondays(6-10PM),Tuesdays(6-7AM),andThursdays(9:30AM-12PM)forpersonal and corporate prayer. ``` ``` UniteHomeGroups-Fortnightlyduringschoolterms,heldinhomesorcafésforfellowship,worship,teaching, and prayer. ``` ``` Pebbles Toddler Group - Weekly on Wednesdays, 11 AM-12 PM, for toddlers and parents. ``` ``` Father's Feast - Weekly homeless outreach in Ilford, providing meals, pastoral support, and prayer. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by guarantee, as defined by the Companies Act 2006. ``` ``` CapstoneChurchis a companylimitedby guarantee,incorporatedon 9 April2009, governedby its Memorandum and Articles of Association. It registered as a charity with the Charity Commission for England & Wales on 8 May 2009. ``` ``` New Trustees are appointedby the members of the company.The Trustees may appointa personwho is willingto act to be a Trustee, either to fill a vacancy or as an additional Trustee. ``` ``` New Trusteesare briefedon theirlegalobligationsundercharityandcompanylaw,the contentof the Memorandum andArticlesof Association,the committeeanddecision-makingprocesses,the businessplan,andthe recent financial performance of the Charity. ``` ``` TheTrusteesareresponsibleformanagingtherisksfacedbytheCharity.Allsignificantactivitiesundertaken are subject to risk review as part of the initialprojectassessment and implementation.The Trustees review the major risks that the Charity faces on a regular basis, and controls are established accordingly. ``` ``` TheTrusteesareawareofthemajorriskstowhichtheCharityisexposed,inparticularthoserelatedtothe projects and finances of the organisation, and are satisfied that systems are in place to mitigate exposure to these risks. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`** ``` 06874952 (England and Wales) ``` ## **`Registered Charity number`** ``` 1129484 ``` ## **`Registered office`** ``` 316 High Road Ilford Essex IG1 1QW ``` ## **`Trustees`** ``` Ms S George Mr J V George Lead Pastor Mrs P Kurian Director ``` ``` Page 3 ``` ``` Capstone Church ``` ``` Trustees' Report for the Year Ended 30 December 2024 ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** **`Independent Examiner`** `Nordens The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY` 11/09/2025 `Approved by order of the board of trustees on ............................................. and signed on its behalf by:` ``` ........................................................................ Mrs P Kurian - Trustee ``` ``` Page 4 ``` ``` Independent Examiner's Report to the Trustees of Capstone Church ``` ## **`Independent examiner's report to the trustees of Capstone Church ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 30 December 2024. ``` ## **`Responsibilities and basis of report`** ``` As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm thatI am qualifiedto undertakethe examinationbecauseI am a member of the Instituteof CharteredAccountants in England and Wales, which is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` `4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ## `Lorraine Curtis` ``` The Institute of Chartered Accountants in England and Wales ``` ``` Nordens The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY Date: ............................................. ``` ``` Page 5 ``` ``` Capstone Church ``` ## `Statement of Financial Activities` ## `for the Year Ended 30 December 2024` |**`Notes`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and Grants`
**`EXPENDITURE ON`**
`Raising funds`
`2`
**`Charitable activities`**
`Cost of activities`
`Depreciation`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`Other recognised gains/(losses)`**
`Gains on revaluation of fixed assets`
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|**`30.12.24`**
**`Unrestricted`**
**`fund`**
**`£`**
**`428,755`**
**`102,279`**
**`355,396`**
**`18,264`**
**`475,939`**
**`(47,184)`**
**`-`**
**`(47,184)`**
**`1,261,773`**
**`1,214,589`**|**`30.12.23`**
**`Total`**
**`funds`**
**`£`**
`410,994`| |---|---|---| |||`148,701`
`359,191`
`15,483`| |||`523,375`| |||`(112,381)`
`200,000`| |||`87,619`
`1,174,154`| |||`1,261,773`| ``` The notes form part of these financial statements ``` ``` Page 6 ``` ``` Capstone Church (Registered number: 06874952) ``` ## `Balance Sheet` ## `30 December 2024` |**`Notes`**
**`FIXED ASSETS`**
`Tangible assets`
`6`
**`CURRENT ASSETS`**
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`7`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`8`
**`NET ASSETS`**
**`FUNDS`**
`10`
`Unrestricted funds`
**`TOTAL FUNDS`**|**`30.12.24`**
**`Unrestricted`**
**`fund`**
**`£`**
**`1,587,641`**
**`63,078`**
**`(29,472)`**
**`33,606`**
**`1,621,247`**
**`(406,658)`**
**`1,214,589`**
**`1,214,589`**
**`1,214,589`**|**`30.12.23`**
**`Total`**
**`funds`**
**`£`**
`1,566,063`
`154,826`
`(29,968)`| |---|---|---| |||`124,858`| |||`1,690,921`
`(429,148)`| |||`1,261,773`| |||`1,261,773`| |||`1,261,773`| ``` The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year ended 30 December 2024. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` The notes form part of these financial statements ``` ``` Page 7 ``` ``` Capstone Church (Registered number: 06874952) ``` ## `Balance Sheet - continued` ## `30 December 2024` ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies subject to the small companies regime. ``` `The` 11/09/2025 `financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:` ``` ............................................. Mr J V George - Trustee ``` ``` ............................................. Mrs P Kurian - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 8 ``` ``` Capstone Church ``` ``` Notes to the Financial Statements for the Year Ended 30 December 2024 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, as modified by the revaluation of certain assets. ``` ## **`Income`** ``` All incomeis recognisedonce the Charityhas entitlementto the income,it is probablethatthe incomewill be received and the amount of income receivable can be measured reliably. ``` ``` Donationsarerecognisedasincomewhenreceived,exceptincircumstanceswherethedonorspecifies the time period that the donation relates to, in which case they are recognised as income in that period. ``` ``` Donations received with imposed restrictions are classified as restricted funds. ``` ``` On receipt,donatedprofessionalservices and donatedfacilitiesare recognisedon the basis of the value of the gifttothecharitablecompanywhichistheamounttheCharitywouldhavebeenwillingtopayto obtain servicesorfacilitiesofequivalenteconomicbenefitontheopenmarket;acorrespondingamountis then recognised in expenditure in the period of receipt. ``` ``` Event income consists of registration and other fees for charitable events. ``` ``` IncometaxrecoverableinrelationtodonationsreceivedunderGiftAidordeedsof covenantis recognised at the time of the donation. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement and the amount of the obligation can be measured reliably. ``` ``` Charitableactivitycosts are incurredon the Charity'sreligiousoperations,andincludesupportcostsand costs relating to the governance of the Charity apportioned to the charitable events. ``` ``` Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all costrelatedtothecategory.Wherecostscannotbe directlyattributedtoparticularheadingstheyhave been allocated to activities on a basis consistent with the use of resources. ``` ## **`Company status`** ``` TheCharityisacompanylimitedbyguarantee.ThemembersoftheCharityaretheTrusteesnamedin the TrusteesReport.In the event of the Charitybeingwoundup, the liabilityin respectof the guaranteeis limited to £10 per member of the Charity. ``` ## **`Tangible fixed assets`** ``` Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful life. ``` ``` Fixtures and fittings- 15% on reducing balance Computer equipment- 25% on reducing balance ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ``` Page 9 ``` ``` Capstone Church ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 December 2024 ``` ## **`1. ACCOUNTING POLICIES - continued`** ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`Foreign currencies`** ``` Assetsandliabilitiesinforeigncurrenciesaretranslatedintosterlingattheratesofexchangerulingat the balancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingattherateof exchange rulingatthedateoftransaction.Exchangedifferencesaretakenintoaccountinarrivingatthe operating result. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to which they relate. ``` ## **`2. RAISING FUNDS`** ## **`Raising donations and legacies`** |**`Raising donations and legacies`**||| |---|---|---| ||**`30.12.24`**|**`30.12.23`**| ||**`£`**|**`£`**| |`Support costs`|**`102,279`**|`103,831`| ## **`3.`** ## **`NET INCOME/(EXPENDITURE)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` ||**`30.12.24`**|**`30.12.23`**| |---|---|---| ||**`£`**|**`£`**| |`Depreciation - owned assets`|**`18,265`**|`15,483`| ## **`4. TRUSTEES' REMUNERATION AND BENEFITS`** ``` There were no trustees'remunerationor other benefitsfor the year ended 30 December 2024 nor for the year ended 30 December 2023. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended30December2024norfortheyear ended 30 December 2023. ``` ``` Page 10 ``` ``` Capstone Church ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 December 2024 ``` ## **`5. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` ||**`30.12.24`**|**`30.12.23`**| |---|---|---| |`Direct charitable activity staff`|**`6`**|`5`| ``` No employees received emoluments in excess of £60,000. ``` ## **`6. TANGIBLE FIXED ASSETS`** |**`COST OR VALUATION`**
`At 31 December 2023`
`Additions`
`At 30 December 2024`
**`DEPRECIATION`**
`At 31 December 2023`
`Charge for year`
`At 30 December 2024`
**`NET BOOK VALUE`**
`At 30 December 2024`
`At 30 December 2023`|**`Freehold`**
**`property`**
**`£`**
**`1,500,000`**
**`-`**
**`1,500,000`**
**`-`**
**`-`**
**`-`**
**`1,500,000`**
`1,500,000`|**`Plant and`**
**`machinery`**
**`£`**
**`14,682`**
**`24,567`**
**`39,249`**
**`2,713`**
**`5,481`**
**`8,194`**
**`31,055`**
`11,969`|**`Fixtures`**
**`and`**
**`fittings`**
**`£`**
**`112,477`**
**`15,276`**
**`127,753`**
**`82,161`**
**`6,839`**
**`89,000`**
**`38,753`**
`30,316`|**`Computer`**
**`equipment`**
**`£`**
**`116,530`**
**`-`**
**`116,530`**
**`92,752`**
**`5,945`**
**`98,697`**
**`17,833`**
`23,778`|**`Totals`**
**`£`**
**`1,743,689`**
**`39,843`**| |---|---|---|---|---|---| ||||||**`1,783,532`**| ||||||**`177,626`**
**`18,265`**| ||||||**`195,891`**| ||||||**`1,587,641`**| ||||||`1,566,063`| ``` Cost or valuation at 30 December 2024 is represented by: ``` |`Valuation in 2020`
`Valuation in 2021`
`Valuation in 2022`
`Valuation in 2023`
`Valuation in 2024`|**`Freehold`**
**`property`**
**`£`**
**`935,306`**
**`364,694`**
**`-`**
**`200,000`**
**`-`**
**`1,500,000`**|**`Plant and`**
**`machinery`**
**`£`**
**`-`**
**`-`**
**`4,009`**
**`10,673`**
**`24,567`**
**`39,249`**|**`Fixtures`**
**`and`**
**`fittings`**
**`£`**
**`110,256`**
**`-`**
**`621`**
**`1,600`**
**`15,276`**
**`127,753`**|**`Computer`**
**`equipment`**
**`£`**
**`108,118`**
**`4,200`**
**`2,502`**
**`1,710`**
**`-`**
**`116,530`**|**`Totals`**
**`£`**
**`1,153,680`**
**`368,894`**
**`7,132`**
**`213,983`**
**`39,843`**| |---|---|---|---|---|---| ||||||**`1,783,532`**| ``` Included in freehold property is land at an estimated cost of £575,000 which is not depreciated. ``` ``` Page 11 ``` ``` Capstone Church ``` ## `Notes to the Financial Statements - continued` ## `for the Year Ended 30 December 2024` ## **`7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** ## **`8.`** |**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |---|---|---| ||**`30.12.24`**|**`30.12.23`**| ||**`£`**|**`£`**| |`Bank loans and overdrafts (see note 9)`|**`26,000`**|`26,000`| |`Social security and other taxes`|**`2,825`**|`2,613`| |`Pension Payable`|**`26`**|`-`| |`Other creditors`|**`621`**|`377`| |`Wages Payable`|**`-`**|`978`| ||**`29,472`**|`29,968`| |**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**||| ||**`30.12.24`**|**`30.12.23`**| ||**`£`**|**`£`**| |`Bank loans (see note 9)`|**`406,658`**|`429,148`| ``` Bankloansaresecuredbywayofa fixedandfloatingchargeovertheassetsofthecharityandare repayable by monthlyinstalmentsover a periodof 20 years.The interestrate per annumis equalto the aggregateof the margin rate (5.25%) and the base rate which during the period was 5.25% (2023 - 3.5%) ``` ``` PersonalguaranteeshavebeenprovidedinrespectofthebankloanbytheTrusteesandcertainclose family members of the Trustees. ``` ## **`9. LOANS`** ``` An analysis of the maturity of loans is given below: ``` |`Amounts falling due within one year on demand:`
`Bank loans`
`Amounts falling due between two and five years:`
`Bank loans - 2-5 years`|**`30.12.24`**
**`£`**
**`26,000`**
**`406,658`**|**`30.12.23`**
**`£`**
`26,000`| |---|---|---| |||`429,148`| ## **`10. MOVEMENT IN FUNDS`** |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`At`**
**`31.12.23`**
**`£`**
**`1,261,773`**
**`1,261,773`**|**`Net`**
**`movement`**
**`in funds`**
**`£`**
**`(47,184)`**
**`(47,184)`**|**`At`**
**`30.12.24`**
**`£`**
**`1,214,589`**| |---|---|---|---| ||||**`1,214,589`**| ``` Page 12 ``` ``` Capstone Church ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 December 2024 ``` ## **`10. MOVEMENT IN FUNDS - continued`** ``` Net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`Incoming`**
**`resources`**
**`£`**
**`428,755`**
**`428,755`**|**`Resources`**
**`Movement`**
**`expended`**
**`in funds`**
**`£`**
**`£`**
**`(475,939)`**
**`(47,184)`**
**`(475,939)`**
**`(47,184)`**| |---|---|---| ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`At`**
**`31.12.22`**
**`£`**
`1,174,154`
`1,174,154`|**`Net`**
**`movement`**
**`in funds`**
**`£`**
`87,619`
`87,619`|**`At`**
**`30.12.23`**
**`£`**
`1,261,773`| |---|---|---|---| ||||`1,261,773`| ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`Incoming`**
**`resources`**
**`£`**
`410,994`
`410,994`|**`Resources`**
**`expended`**
**`£`**
`(523,375)`
`(523,375)`|**`Gains and`**
**`Movement`**
**`losses`**
**`in funds`**
**`£`**
**`£`**
`200,000`
`87,619`
`200,000`
`87,619`| |---|---|---|---| ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`At`**
**`31.12.22`**
**`£`**
`1,174,154`
`1,174,154`|**`Net`**
**`movement`**
**`in funds`**
**`£`**
`40,435`
`40,435`|**`At`**
**`30.12.24`**
**`£`**
`1,214,589`| |---|---|---|---| ||||`1,214,589`| ``` Page 13 ``` ``` Capstone Church ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 December 2024 ``` ## **`10. MOVEMENT IN FUNDS - continued`** ``` A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`Incoming`**
**`resources`**
**`£`**
`839,749`
`839,749`|**`Resources`**
**`expended`**
**`£`**
`(999,314)`
`(999,314)`|**`Gains and`**
**`Movement`**
**`losses`**
**`in funds`**
**`£`**
**`£`**
`200,000`
`40,435`
`200,000`
`40,435`| |---|---|---|---| ## **`11. RELATED PARTY DISCLOSURES`** ``` During the year unrestricted donations totalling £NIL(2023:£NIL were donated by trustees and related parties. ``` ``` Page 14 ``` ``` Capstone Church ``` ## `Detailed Statement of Financial Activities` ## `for the Year Ended 30 December 2024` |`Detailed Statement of Financial Activities`
`for the Year Ended 30 December 2024`||| |---|---|---| ||**`30.12.24`**|**`30.12.23`**| ||**`£`**|**`£`**| |**`INCOME AND ENDOWMENTS`**||| |**`Donations and Grants`**||| |`Donations - non-gift aid`|**`48,639`**|`62,475`| |`Donations - gift aid`|**`284,424`**|`294,676`| |`Charitable activities`|**`1,809`**|`6,357`| |`Income from Gift Aid`|**`93,883`**|`47,486`| ||**`428,755`**|`410,994`| |**`Total incoming resources`**|**`428,755`**|`410,994`| |**`EXPENDITURE`**||| |**`Other trading activities`**||| |`Bad debts`|**`-`**|`44,870`| |**`Charitable activities`**||| |`Offerings`|**`124,178`**|`140,556`| |`Food and refreshments`|**`-`**|`12`| |`Helps`|**`24,294`**|`25,802`| ||**`148,472`**|`166,370`| |**`Support costs`**||| |**`Management`**||| |`Wages`|**`145,515`**|`117,845`| |`Social security`|**`8,637`**|`5,550`| |`Pensions`|**`2,843`**|`2,466`| |`Rates and water`|**`1,768`**|`3,890`| |`Light and heat`|**`19,224`**|`15,194`| |`Telephone`|**`1,371`**|`2,376`| |`Postage and stationery`|**`877`**|`1,424`| |`Advertising`|**`244`**|`2,377`| |`Sundries`|**`531`**|`686`| |`Subscriptions`|**`8,083`**|`8,740`| |`Accomodation`|**`15,487`**|`23,953`| |`Computer expenses`|**`6,527`**|`7,638`| |`Materials`|**`5,551`**|`7,345`| |`Cost of events`|**`8,037`**|`12,833`| |`Food and refreshments`|**`19,673`**|`24,462`| |`Professional fees`|**`2,715`**|`229`| |`Sound & Media`|**`8,516`**|`5,722`| ||**`255,599`**|`242,730`| |**`Finance`**||| |`Bank interest`|**`42,044`**|`35,366`| ``` This page does not form part of the statutory financial statements ``` ``` Page 15 ``` ``` Capstone Church ``` ## `Detailed Statement of Financial Activities for the Year Ended 30 December 2024` |`Detailed Statement of Financial Activities`
`for the Year Ended 30 December 2024`||| |---|---|---| ||**`30.12.24`**|**`30.12.23`**| ||**`£`**|**`£`**| |**`Finance`**||| |**`Information technology`**||| |`Repairs and maintenance`|**`8,572`**|`15,166`| |`Plant and machinery`|**`5,480`**|`2,112`| |`Fixtures and fittings`|**`6,839`**|`5,445`| |`Computer equipment`|**`5,945`**|`7,926`| ||**`26,836`**|`30,649`| |**`Other`**||| |`Accountancy`|**`2,988`**|`3,390`| |`Total resources expended`|**`475,939`**|`523,375`| |**`Net expenditure`**|**`(47,184)`**|`(112,381)`| ``` This page does not form part of the statutory financial statements ``` ``` Page 16 ```